See Why Rice Farmers In Oyo State Are Happy With CBN
Rice farmers in Oyo State are happy people at the moment.
The Central Bank of Nigeria, CBN has given them farm inputs worth 17.8 million naira to boost their rice production for dry season farming.
The farmers under the aegis of Rice Farmers Association of Nigeria, RIFAN received the farm inputs through the Bank of Agriculture, BOA.
The Oyo state Chairman of RIFAN, Mr Victor Korede, said in an interview on Monday in Ibadan that no fewer than 59 rice farmers had received farm inputs for dry season farming, while about 100 rice farmers were similarly expected to get inputs for wet season farming.
“The inputs include water pumps with accessories, two bags of NPK and Urea fertilisers each, ten litres of pre-emergent and post-emergent herbicides and two sachets of organic fertiliser to replenish the soil.
“Other services include farm mapping, extension services and aggregation of harvested produce and insurance by Nigeria Agricultural Insurance Company (NAIC).
“The RIFAN/CBN model is a strategic partnership between the CBN and RIFAN to increase domestic rice production, in support of the Federal Government’s agenda to ban rice importation in 2018.
“The partnership came right on time, as it will surely boost our production and make our members to sell their produce in a profitable and ready market,” he said.
Also Watch: From EU To Donut Making- The Story Of Iwa Airiohuodion